|
<br /> :;v .Q>~
<br /> m
<br /> ~ m en
<br />(\ Z ox
<br />:r S2 0 ,I ~
<br />rn ~
<br />n C/)
<br />~ :c
<br />
<br />1'<':
<br />
<br />,. -.)-
<br />'/ ,::,::, ~.~: ')
<br />~:::=;-..)
<br />
<br />C) OJ
<br />c> ..-<
<br />c:: l~
<br />Z--..J
<br />_j fT!
<br />-~< C;:,)
<br />C) -':"1
<br />-"'1 -;<:
<br />
<br />'-.
<br />
<br />
<br />fII
<br />=-
<br />li
<br />,
<br />
<br />CI)
<br />en
<br />
<br />,.-
<br />t"", .,
<br />.-.;
<br />
<br />~.~~:~.J
<br />,..,
<br />c-:;>
<br />
<br />N
<br />S
<br />CSl
<br />en
<br />-'-
<br />CSl
<br />(,0
<br />CSl
<br />(,0
<br />
<br />C1
<br />
<br />eX)
<br />
<br />" ;:-': ( ~
<br />;.~t- t,},,)
<br />r- .:;:J
<br />r- ::;.,
<br />u>
<br />;:0><;
<br />)~
<br />'--" '--"
<br />
<br />, rl
<br />
<br />--0
<br />3
<br />
<br />~' ~
<br />
<br />l-'
<br />
<br />~;
<br />~
<br />\.
<br />~"
<br />
<br />o
<br />a)
<br />
<br />~l
<br />
<br />-r=
<br />
<br />(Space Above This Line For Recording Data)
<br />
<br />LOAN NUMBER: 7760 and 7761
<br />
<br />ASSIGNMENT OF LEASES AND RENTS
<br />
<br />THIS ASSIGNMENT OF LEASES AND RENTS ("Assignment"), is given on December 5, 2006 by Norberta
<br />Nolasco whose address is 1204 N Beal, Grand Island, Nebraska 68801 ; Ana Nolasco whose address is 1204 N
<br />Beal, Grand Island, Nebraska 68801 ; ("Owner") to The State Bank of Cairo which is organized and existing
<br />under the laws of the state of Nebraska, and whose address is 306 S. High PO Box 428, Cairo, Nebraska
<br />68824 ("Lender"). The Lender is, or is about to become, the holder of the following Deed of Trust dated
<br />December 5, 2006 in the amount of One Hundred Thirty Thousand and 00/100 Dollars ($130,000.00) (" Deed
<br />of Trust") executed by Owner covering the following described property:
<br />
<br />Address: 116 W 4th St, Grand Island, Nebraska 68801
<br />Legal Description: East Forty~four (44) feet of Lot Six (6), Block Thirty-one (31), in the Original
<br />Town of Grand Island, Hall County Nebraska
<br />
<br />("Secured Property") which mortgage secures the following Note(s):
<br />
<br />. Loan number 7760 and 7761 with a principal amount of$130,000.00
<br />
<br />and any other indebtedness of Owner to Lender, whether now or subsequently owing or to become due and no
<br />matter how created. The Secured Property has been demised by the Owner under a lease(s) which may be
<br />described as follows:
<br />
<br />all existing and future leases and other rental agreements between owner and tenants renting space
<br />at the above premises.
<br />
<br />Lender, as a condition of making the above loan(s), has required an assignment of the lease(s) and the rents,
<br />income and profits derived from the use of the Secured Property and every part thereof, as additional security for
<br />said loan(s).
<br />
<br />In consideration of the recitals above and as additional security for the indebtedness above, Owner assigns,
<br />transfers, sets over to, and grants Lender a security interest in the lease(s) described herein and any guaranties,
<br />renewals or extensions thereof, together with any other lease(s), whether written or unwritten, entered into before
<br />or after this Assignment and demising any part of the Mortgaged Property, and all rents, income and profits
<br />derived from the Secured Property and any portion thereof.
<br />
<br />OWNER'S DUTIES; DEFAULT. With respect to any lease(s) entered into before or after this Assignment
<br />demising any part of the Secured Property, Owner represents to and agrees with Lender that as long as any
<br />indebtedness of Owner to Lender shall remain unpaid, Owner shall not, without the written consent of Lender: (a)
<br />cancel any lease(s); (b) accept a surrender of any 1ease(s); (c) modify or alter any lease(s) in any way, either orally
<br />or in writing; (d) reduce the rental set forth in any lease(s); (e) consent to any assignment of the lessee's interest in
<br />any lease(s), or to any subletting thereunder; (f) collect or accept payment of rent, income or profit under any
<br />lease(s) for more than one (1) month in advance of the due date; (g) make any other assignment, pledge,
<br />encumbrance, or other disposition of any lease(s), or of the rents, income and profits derived from the use of the
<br />Secured Property; or, (h) fail to keep the Secured Property free and clear of all liens and encumbrances. Any of the
<br />above acts, if done without the written consent of Lender, shall be null and void and shall constitute a default under
<br />the aforesaid Note(s) and Deed of Trust and this Assignment.
<br />
<br />OWNER'S WARRANTIES. Owner further covenants with and warrants to Lender that: (a) the said lease(s) are
<br />valid, presently in full force and effect and that there are no defaults now existing thereunder; and (b) Owner has
<br />not: (I) executed or granted any prior assignment, encumbrance, or security interest concerning any lease(s) or the
<br />rentals thereunder; (2) performed any acts or executed any other instruments or agreements which would limit and
<br />prevent Lender from obtaining the benefit of and exercising its rights conferred by this Assignment; (3) executed
<br />or granted any modification of any lease(s) either orally or in writing; and (c) the Secured Property and the rents,
<br />income and profit derived from the use of the Secured Property are free of liens, encumbrances, claims and setoffs.
<br />
<br />REMEDIES. It is mutually agreed between Lender and Owner that until a default or breach shall occur in the
<br />performance of Owner's covenants hereunder, or any default shall occur under the Deed of Trust or any loan
<br />agreement between Owner and Lender pertaining to any indebtedness referred to herein, or any default shall occur
<br />in the making of any of the payments provided for in the above described Deed of Trust or Note, Owner may
<br />
<br />iC> 2004.2006 Copyright Compliance Systems, Inc. 9CED.50D2 . 2006.05.80
<br />IASSiMnment of Leases and Rents" DIAOO I
<br />
<br />PaMe I on
<br />
<br />www.compliancesystenls.com
<br />
<br />
<br />==:~8~:9~~"8:5:::"~~~,616:~5:6,:.1:8]
<br />
<br />Initials
<br />
<br />~ i
<br />N
<br />~
<br />c:J ~
<br />en
<br />~ i
<br />0
<br />(D i
<br />C)
<br />CD
<br /> ,
<br />\"::)"::-
<br />',",>'
<br /> ,"
<br /> --'
<br />
|